Custom Lot/Risk Management

Allows customer to choose the method of lot calculation for copied orders.

Lot Multiplier

Lot size of copied order will be multiplied by entered value.

For example, if you set LotMultiplier = 2 and open an order with lot size = 2 on the source account then this order will be copied to receiver account with lot size = 4.

Fixed Lot

All orders will be copied with determined lot size.

For example, if you set FixedLot=3 then all orders will be copied to receiver account with lot size = 3.

Auto adjust Lot Size

With this option Forex Copier will automatically calculate lot size based on Source and Receiver Account Balance (or Equity).

For example, if you have balance on source account = 10000, balance on receiver account = 1000 and you open an order with lot size = 2 on source account then this order will be copied to the receiver account with lot size = 0.2.

Risk Management

Forex Copier will calculate lot size in the way that each order will risk no more than selected % of your account size. Note, that original order should have Stop Loss level.

For example, if you have balance on source account = 1000, RiskPercentage=5 (in case you want to risk no more than 5% of equity) and you open an order with Stop Loss = 20 pips on source account then this order will be copied to receiver account with lot size = 2.5. So if the copied order reaches 20 pips Stop Loss you will lose 5% of your equity.

Reverse Mode

If you enable this feature then Forex Copier will open opposite orders on Receiver account. SL and TP can be also reversed for copied opposite orders.

BUY order will be copied as SELL

SELL order will be copied as BUY

SELL Stop order will be copied as BUY Limit

SELL Limit order will be copied as BUY Stop

BUY Stop order will be copied as SELL Limit

BUY Limit order will be copied as SELL Stop

You can copy reversed trades from some losing account (or losing EA). In this case your account will grow.

For example,

“Bad trader” (for example, some newbie or some “lossy EA”) is opening a BUY order.

Copier takes a signal and converts it to the opposite type of order (BUY -> SELL), so you receive SELL order

The price is falling so original BUY order is in loss and the bad trader starts to panic. At the same time, the SELL order in your account is in Profit.

DD/NDD/ECN/STP (Forex Copier works correctly with all these dealing types).

On February 3rd, 2014 most of MT4 terminals was updated to a 600 build. Thanks to our programmers we published new version of the programs, which is compatible with 600+ build

Any account type

Demo/Live accounts (Our software copies orders between Demo and Live accounts without any problems).

Copier can transfer trades between accounts with different base currency.

Adjusting Symbol Name feature (Automatic, manual).

We have feature which allows adjusting symbol names automatically if they have different names (very useful if you use terminals of different brokers). Also you can adjust symbol names manually by removing prefixes/suffixes on Source account or adding prefixes/suffixes on Receiver account.

For example:

EURUSD ↔ EURUSDFx,
USDJPYa ↔ USDJPYFXF, etc...

Can transfer trades between MT4 terminals which are working in different time zones

Protection features

Also our program can stop copying OPEN orders when drawdown percent reaches defined level.

So you will be able to save your money in case when Source account is not lucky.

Wait For Better Price/copy orders at exactly same prices

These exclusive features allow customer to open copied orders at exact prices of original order or even at better price.
If WaitForOpenPrice feature is enabled then Forex Copier will wait for satisfying price before opening order on receiver account.
With help of “Borders” settings you can set the range where copied orders can be opened. So you can set borders which will allow opening copied orders even with better price than the original orders. Please see more information about borders on our Help Page

For example, if you set "WaitForOpenPrice = true", "EnableExecutionPriceBorders=true", "TopExecutionPriceBorderLong=0", "BottomExecutionPriceBorderLong=-2", "TopExecutionPriceBorderShort=2", "BottomExecutionPriceBorderShort=0" then Forex Copier will try to open BUY and SELL orders at the same price or even at 2 pips better price than the price of original order.

"Try again" function (make sure that order was executed).

If the order cannot be opened or closed on Receiver account due to some reason (for example if you lose connection with Internet or with MT server) then Copier will try to execute this order defined number of times so you will not miss the trade. If MT terminal was not able to execute Close task due to some reason then Copier will try again and again to make sure that the order is closed on Receiver account side.

Move SL and TP of copied order according to the difference between prices of initial and copied orders.

Copying history

“Copying history” allows you to see the quantity and the quality of the previous copied trades. You can see from where the order has come and analyze whether the setups you have managed are working good enough.

Current orders

“Current orders” for a visual understanding and tracking your copied trades. Also now it is easy to group your trades by the account name, by the current market price, symbol, stop loss, take profit, lot, time and many other criteria.